GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR) and Petro One Energy Corp. (TSX
VENTURE:POP) (FRANKFURT:C6K)  After a comprehensive review of data, and analysis
of the results of previous work, Goldstrike has commenced its exploration
program covering twenty four gold exploration properties in Yukon totaling 3756
claims 78000 hectares. Estimated expenditures will be approximately $3.5 million
during 2011. All technical teams and equipment are in place to complete these
programs by summer's end. Descriptions of the principal properties are set out
below.


NINE OROGENIC GOLD PROPERTIES 

White Gold District

The BRC property is contiguous with Kinross's White Gold property, and appears
to contain many of the key indicators that led to the discovery of the 1.1
million ounce Golden Saddle deposit. Previous reconnaissance soil sampling
outlined two 1 km long gold geochemical anomalies approximately on trend with
and 5 km from the Golden Saddle discovery. Those anomalies remain to be
explained, but gold values are comparable to the initial geochemistry over the
Golden Saddle deposit, and streams flowing from the BRC and Kinross properties
contain active placer claims. Enhanced satellite imagery and ground observations
show that the geochemical target is associated with strong potassic and inferred
clay alteration, flanked by on both sides by a halo of iron oxide. The 2011 work
program includes prospecting, ground geophysics, detailed infill soil and deep
auger sampling, with follow-up excavator trenching to confirm key horizons for
drilling. On the LUCKY STRIKE property 5 km east of BRC, the focus will be on
numerous gold soil anomalies up to 6 km long with values up to 75 ppb Au. These
anomalies outline a series of linear structures that cut a similar of package of
metamorphic rocks and resemble the geometry of the main vein systems outlined on
Kaminak's Coffee Creek property. Recent drilling of extensive orogenic vein and
breccia systems at Coffee Creek has returned intersections up to 2.83 g/t Au
over 62 meters including 17.36 g/t Au over 7 meters. Like Coffee Creek, LUCKY
STRIKE is located in an active placer mining area. A program of prospecting,
mapping, ground geophysics, and deep auger sampling is underway to further
define targets for excavator trenching and follow-up drilling. As soon as the
results of the Phase I exploration are known, Phase II exploration is planned to
begin on the BRC and LUCKY STRIKE properties.


Other orogenic gold projects, Yukon Tanana metamorphic belt

Phase I exploration will also be conducted on seven other orogenic gold targets
in other parts of the Yukon Tanana metamorphic belt. BR and ARIES are located on
the Coffee Creek trend, ROSEBUD SOUTH and CHANCES cover multiple strong gold
silt anomalies in similar rocks east of the Stewart River. MORLEY and JIMMY were
staked to cover favorable geology and multiple strong gold silt anomalies in
Southeast Yukon, including two 99th percentile gold anomalies on the MORLEY
property. LIVINGSTONE covers the inferred source of several of the most
productive creeks in the Livingstone Creek placer gold camp. A quartzite
amphibolite found in outcrop at the head of these creeks is thought to be a
strong geological indicator to the source of the coarse placer deposits in the
creeks draining the property. The initial exploration programs on these
properties include reconnaissance silt, soil, and rock sampling, structure
mapping, overburden drilling, backpack drilling, and ground magnetic and
resistivity/IP surveys where appropriate, to be followed by excavator trenching
of quartz veins and geophysical anomalies in preparation for drill target
definition.


ELEVEN CARLIN-STYE GOLD PROPERTIES 

Nadaleen Gold Trend/Rackla Gold Belt 

The STEN NW property ties onto the north boundary of ATAC's high profile gold
belt, northwest of the Osiris discovery, where the first positively identified
Carlin-style mineralization in Yukon has returned drill intersections of up to
65.2 m grading 4.65 g/t Au in calcareous sedimentary rocks. The gold
mineralization at Osiris is associated with highly anomalous pathfinder elements
including arsenic, thallium, and mercury. The STEN NW claims cover the inferred
source of multiple gold silt anomalies, some with coincident arsenic, in creeks
that drain from all sides of a mountain ridge 5 km north of ATAC's main
geochemical trend. Regional geology maps show that the STEN NW claims are
underlain by the same unit of Upper Proterozoic-Lower Cambrian shale, sandstone,
siltstone and limestone that hosts the Osiris deposit. The RACKLA property also
ties onto ATAC's claim block, midway between the Osiris and Tiger Zone
discoveries, and is flanked on the east by a large block that was subsequently
staked by Radius Gold. The RACKLA property covers the inferred source of the
highest regional gold silt anomaly in the area. It also covers the core of an
open 16 x 3 km anticline with the same type of rocks that host the gold at
Osiris in the core, and the younger dolostone that hosts the Tiger Zone resource
on the flanks. Thallium is anomalous in the same rock units on trend to the
east, but was not analyzed as part of the regional geochemical survey that
covers the RACKLA property. Phase I exploration on the STEN NW and RACKLA
properties, includes reconnaissance geochemistry, prospecting, and mapping, to
be followed up by a Phase II program of detailed geochemistry, trenching, and
drilling based on the initial results.


Other Carlin-style projects, Selwyn Basin 

Nine other Carlin-style targets will also undergo exploration, including BIG
ONE, CANOL, EMERALD, GULL, MAC, PLATEAU, RUSSELL, SPEARHEAD, and SUMMIT. They
were all staked to cover areas of favorable geology, geochemistry, and structure
in the Selwyn Basin between the Osiris discovery and Northern Tiger's properties
in the Hyland River gold belt (best results to date on the 3ACE property 4.3 g/t
Au over 30.3 m, 14.8 g/t Au over 10.9 m, and a high grade chip sample of 29.56
ounces per ton (1,013 g/t) over 1.1 m). Goldstrike's properties are
characterized by strong multielement geochemistry in multiple drainages,
including gold, arsenic, antimony, mercury, and thallium. Initial exploration
includes reconnaissance silt, soil, and rock geochemistry, prospecting, mapping,
and geophysics, to be followed up immediately by a Phase II program of detailed
geochemistry, trenching, and drilling as warranted. 


FOUR INTRUSIVE-RELATED GOLD PROPERTIES

Red Mountain-Dublin Gulch district

The ARIZONA property covers the west end of a structural corridor that includes
AM Gold's Red Mountain and Victoria Gold's Dublin Gulch intrusive-related gold
deposits (4 million ounces combined). It is located 600 m west and on trend with
the Red Mountain deposit, and covers several active placer creeks. A government
silt sample on the property returned 83 ppb Au with coincident As and Sb, and
historic soil sampling in the southwest part of the property returned values up
to 380 ppb Au and 922 ppm As that remains to be explained. The geological
setting of the ARIZONA property also resembles Golden Predator's Brewery Creek
and Ryan Gold's Ida/Oro properties approximately 30 km on trend to the
west-northwest. Golden Predator recently reported an intersection of 74 m
grading 7.08 g/t Au at the east end of the Brewery Creek property. The OLIVER
property is adjacent to Golden Predator's extensive Scheelite Dome property
south of Red Mountain (best drill intersection to date 25.40 m grading 11.12 g/t
Au). It covers four regional gold silt anomalies, and several active placer
creeks. One prolific placer creek drains a newly discovered quartz-sulphide
breccia that has been identified as a potential source of coarse angular placers
with nuggets reported up to 4.5 ounces. Both the ARIZONA and OLIVER properties
cover metasedimentary rocks that also have potential for Carlin-style as well as
intrusive-related mineralization (Murphy, 1997), and both properties have direct
road access. Initial exploration includes reconnaissance geochemistry,
prospecting, and mapping, to be followed up immediately by a Phase II program of
detailed geochemistry, trenching, and drilling as warranted.


Rockhaven Klaza area

The STRIKE and KZ properties tie on to Rockhaven's newly reported Klaza
discovery and Wolverine's high grade gold properties at the north end of the
Nansen Gold Camp. Rockhaven has outlined four parallel gold-mineralized zones
within a 1500 m wide northwest-trending structural corridor, and drill holes
have intersected grades as high as 7.2 g/t Au and 260 g/t Ag over 15.3 m. The
STRIKE property covers a 500 ppb gold anomaly and three other gold silt
anomalies including 55 ppb Au on trend with the Rockhaven gold corridor, and is
contiguous with one of Wolverine's claim blocks where strong silt and soil
anomalies have outlined multiple linear structures. The KZ property covers the
inferred source of three strong (99th, 98th and 95th percentile) regional gold
silt anomalies of 17 ppb, 30 ppb and 767 ppb Au taken from three separate
drainages. Those claims tie on to Rockhaven's Klaza property and are surrounded
on the other three sides by Wolverine's AAA, BBB, and CCC properties. A linear
structure outlined by 5 strong gold anomalies on Wolverine's BBB property
projects south onto Goldstrike's claims, and the property is also cut by a major
northwest-trending fault.


These exploration programs are planned to extend into late September or mid October.

"With the funding and an experienced Yukon team in place, and exploration
underway covering some 24 Yukon gold properties, we look forward to a steady
flow of news with much anticipation," said Goldstrike President Reimar Koch. 


Petro One President Peter Bryant added, "Petro One is very excited to be a part
of this ambitious gold exploration program in this emerging world class gold
camp. On completion of the COB, Petro One received 4,000,000 Goldstrike shares,
5 year warrants exercisable to purchase up to 4,000,000 Goldstrike shares for
$0.25 each and additional 5 year warrants exercisable to purchase up to another
3,000,000 Goldstrike shares for $0.70 each. If Goldstrike exercises its options
on both the Lucky Strike and BRC properties in full, Petro One will receive,
including the aforementioned shares and warrants, a total of 10,000,000
Goldstrike shares and 10,000,000 Goldstrike warrants, and Petro One's 30%
interest in the Lucky Strike property will be a carried interest to production.
As a significant shareholder in Goldstrike Resources, Petro One will have
exposure to 22 highly prospective properties in addition to the two properties
optioned to Goldstrike by Petro One, for a total of 24 properties that cover all
of the most active gold camps in the Yukon at this time, and are expected to add
significant shareholder value. We look forward to receiving the exploration
results as they become available."


The technical data in this news release has been reviewed and approved by Trevor
J. Bremner, P. Geo., who is a qualified person as defined in National Instrument
43-101. For more detailed information on these properties, refer to Goldstrike's
web site at www.goldstrikeresources.com. 


Goldstrike also reports that it inadvertently referred to June 22, 2011 as the
effective date for its change of name and change of trading symbol in its June
20, 2011 news release. The effective date for those changes is June 21, 2011.


Reimar Koch, President 

Goldstrike Resources Ltd. 

Peter Bryant President 

Petro One Energy Corp.

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